Washington and Beijing will keep extending short-dated tariff pauses instead of settling their trade dispute, so trade-exposed firms face recurring deadlines and each side keeps a ready lever over the other.
weakening · confidence 34 · Emerging (watchlist) · tracking since November 9, 2026 · updated November 12, 2026
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Now 34 · -2 since Nov 11 · ranged 34 to 36
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Beijing extended its suspension of the 24% tariff on US goods by only two months from November 10 and kept the 10% levy, just before the APEC summit in China where Trump and Xi are expected to meet. The proposed $60 billion package of reciprocal cuts is still unfinished. This is another short-dated pause rather than a settlement, which keeps each side's lever in place.
Supporting · November 9, 2026
China extends its suspension of a 24% tariff on US goods for two months and keeps a 10% levy in place
Beijing extended its suspension of the 24% tariff on US goods by only two months from November 10 and kept the 10% levy, just before the APEC summit in China where Trump and Xi are expected to meet. The proposed $60 billion package of reciprocal cuts is still unfinished. This is another short-dated pause rather than a settlement, which keeps each side's lever in place.
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